Stanford Federal Credit Union is headquartered in Palo Alto and is the 18th largest credit union in the state of California. It is also the 97th largest credit union in the nation. It was established in 1959 and as of December of 2021, it had grown to 212 employees and 80,085 members at 6 locations. Stanford Federal Credit Union's CD rates are 11% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Stanford Federal Credit Union is open to anyone through membership in the Friends of Palo Alto Library or the Museum of American Heritage (membership paid through the credit union). Membership is also open to the following: (1) faculty, students and alumni of Stanford University; (2) employees of Sun Microsystems, City of Palo Alto, Facebook and over 200 area Select Employer Groups.
See current membership details
Related Posts
10/23/12 - $50/$50 Refer-A-Friend Checking Bonus At Stanford FCU - Easy Membership
1/10/12 - Stanford Federal Credit Union's Beat the Rate Program for CDs
8/10/10 - Top 24-Month CD Rates and HSA Rates at Stanford FCU in CA - Easy Membership
8/1/10 - Stanford Federal Credit Union HSA Now 3.04% APR, Second Drop In Two Months
7/1/10 - Stanford Federal Credit Union HSA Rate Drops To 3.75
5/22/10 - Competitive CD & IRA CD Rates at Stanford FCU in CA - Easy Membership
2/21/06 - 4.95% 7-Month CD at a California CU
Excellent local credit union for Stanford-affiliated individuals
Stanford Federal Credit Union (SFCU) has generally exceeded my expectations. I have a checking account there and they do not charge a fee for such accounts, nor do they have monetary minimums below which they will charge a fee. Additionally, they have excellent customer service. In the past when I have had my debit card number compromised, they were very helpful both in accurately spotting the fraud and in giving me a new card very quickly. Additionally, use of ATMs with my credit union debit card is fairly easy, since any major credit union ATM works. I have also deposited money in their CDs before and they usually offer above-market rate interest returns and are very easy to sign up for and to know when the CD time period has expired.
Stay Away From The Elitist Credit Union
Really bad and extremely RUDE customer service and pretty elitist and discriminatory, lying credit union. I do not think I have ever experienced such an arrogant and very rude customer service (essentially with agents laughing at you). When they will need funds to survive the very steep financial crisis is coming they will regret turning away potential investors. It seems they only cater to rich people and Stanford. They will look into to your credit record as they are looking only for very rich people. This credit union is a disgrace. So better stay away because they may not stay afloat for too long.
Poor Customer Service, Harsh Early Withdrawal Penalty
You'd think a credit union located on campus at Stanford would be great. But no. Calls go into voicemail, email contacts are generic addresses and you can never seem to get the same person twice. Staff is frumpy and don't seem to care. If their app fails, they just shrug it off - try it tomorrow. Early withdrawal penalty for CDs over $100K is 365 days interest - worst I've seen. A good CD jumbo rate of 2.1% if your paycheck is deposited there (as of summer 2012). Campus office is rather busy, so Stanford students and staff are using this credit union, but I don't know why.
Data as of Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 13392 |
| Year Chartered | 1959 |
| Employees | 212 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.82% |
| Return on Equity - YTD | 8.87% |
| Annual Interest Income | $88.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $3.86B$3.53B |
| Loans | Q4 2021vs Q4 2020 | $2.46B$2.14B |
| Deposits | Q4 2021vs Q4 2020 | $3.11B$2.83B |
| Equity Capital | Q4 2021vs Q4 2020 | $347.0MM$321.9MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $20.6MM$20.3MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $368.00K$478.00K |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |